Stem Cells Market Analysis, Size, Growth, Share,
Trend, Forecast 2023 - 2030
Stem Cells Market Growth & Trends
The global stem cells market size is expected to reach USD 31.6 billion by 2030, registering a CAGR of 9.74% from 2023 to 2030, according to a new report by Grand View Research, Inc. Stem cells are cells that can differentiate into a variety of other cells, eventually forming organs or tissues. Many studies have been conducted over the years to assess the true potential of stem cells, leading to a variety of applications in the fields of genetic disease treatment, neurological disorders, oncology, and organ regeneration. The market is driven by the rising number of banks, growing focus on increasing therapeutic potential of these products, and extensive research for the development of regenerative medicines, among other factors.
The growing focus on regenerative therapies is fueling market expansion. iPSCs are becoming increasingly popular for the creation of customized cellular therapies, and opening up new possibilities in regenerative medicine. For instance, in September 2020, researchers from Duke-NUS and Monash University discovered the first stem cell that can aid in the treatment of placenta issues during pregnancy. The researchers devised a new method for producing induced trophoblast stem cells that can be used to generate placenta cells. The research will aid in the development of an invitro human placenta model and pave the way for future therapies.
Moreover, COVID-19 is acting as a catalyst for promoting the market growth. Several countries such as U.S., China, and Iran, have started conducting clinical trials using cellular therapies for treatment of COVID-19 infections. Furthermore, the use of cell therapy in the treatment of COVID19 patients has yielded excellent results, which is fueling market expansion. In January 2020, a group of researchers in Beijing, China, tested stem cell treatment on patients to see if it was beneficial against COVID-19. The study found that administering intravenous clinical-grade MSCs to COVID-19 patients during first trial of treatment, improved their functional results and promoted enhanced recovery.
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Stem Cells Market Report Highlights
ASCs segment accounted for the largest share in 2022 as it is considered as a gold standard in stem cell-based therapies. They are widely accepted owing to their consistent clinical success especially in hematopoietic transplants and there is a relatively less controversial view regarding their origin
The iPSC segment is expected to witness a lucrative CAGR through 2023-2030 owing to the increasing focus of companies in using iPS for cell therapies. For instance, in July 2020, Cynata Therapeutics Limited announced positive results for the phase 1 clinical trial of CYP-001, the company’s lead iPSC derived Cymerus
Regenerative medicine dominated the market in 2022 owing to increasing funding by the government for the development of regenerative medicines. For instance, in October 2020, the AusBiotech-led consortium received funding of USD 300,000 from MTPConnect’s Industry Growth Centre Project Fund for the development of regenerative medicines in Australia
Cell acquisition technology held the largest market share in 2022 and is expected to expand at the fastest CAGR through 2023-2030 owing to increasing research studies involving cell harvesting
Allogenic therapy dominated the market in 2022 owing to the increasing application of allogeneic stem cell transplants for cancer treatment
Pharmaceutical and biotechnology companies held the largest market share in 2022, and is anticipated to exhibit at fastest CAGR owing to upsurge in R&D, increasing clinical trials coupled with strategic activities by major market players
North America market encompasses U.S. and Canada. The factors contributing to the market growth in the region include robust government funding, increasing research, and the presence of prominent players in this region
Asia Pacific is expected to grow with the fastest CAGR of through 2023 to 2030 owing to increasing expansion by key companies in this region. For instance, in April 2020, Seneca Biopharma completed its new stem cell manufacturing facility in Suzhou, China
Stem Cells Market Segmentation
GrandViewResearchhassegmentedtheglobalstemcellsmarketbasedonproduct, technology,application,therapy,end-user,andregion:
Stem Cells Product Outlook (Revenue, USD Million, 2018 - 2030)
AdultStemCells(ASCs)
o Hematopoietic
o Mesenchymal
o Neural
o Epithelial/Skin
o Others
HumanEmbryonicStemCells(HESCs)
InducedPluripotentStemCells(iPSCs)
VerySmallEmbryonicLikeStemCells
Stem Cells Application Outlook (Revenue, USD Million, 2018 - 2030)
RegenerativeMedicine
o Neurology
o Orthopedics
o Oncology
o Hematology
o CardiovascularandMyocardialInfraction
o Injuries
o Diabetes
o LiverDisorder
o Incontinence
o Others
DrugDiscovery&Development
Stem Cells Technology Outlook (Revenue, USD Million, 2018 - 2030)
CellAcquisition
o BoneMarrowHarvest
o UmbilicalBloodCord
o Apheresis
CellProduction
o TherapeuticCloning
o In-vitroFertilization
o CellCulture
o Isolation
Cryopreservation
ExpansionAndSub-Culture
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Stem Cells Therapy Outlook (Revenue, USD Million, 2018 - 2030)
Autologous
Allogenic
Stem Cells End-use Outlook (Revenue, USD Million, 2018 - 2030)
Pharmaceutical&BiotechnologyCompanies
Hospitals&CellBanks
Academic&ResearchInstitutes
Stem Cells Regional Outlook (Revenue, USD Million, 2018 - 2030)
NorthAmerica
o U.S.
o Canada
Europe
o UK
o Germany
o France
o Italy
o Spain
o Denmark
o Sweden
o Norway
AsiaPacific
o China
o Japan
o India
o SouthKorea
o Australia
o Thailand
LatinAmerica
o Brazil
o Mexico
o Argentina
MiddleEastandAfrica
o SouthAfrica
o SaudiArabia
o UAE
o Kuwait
List of Key Players in Stem Cells Market
AdvancedCellTechnologyInc.
STEMCELLTechnologiesInc.
CellularEngineeringTechnologiesInc.
CellGenixGmbH
PromoCellGmbH
KitePharma
Lonza
CellartisAB
AngelBiotechnology
BrainstormCellTherapeutics
CelgeneCorporation
OsirisTherapeutics
GeneaBiocells
BioheartInc.
WaismanBiomanufacturing
Tigenix
CaladriusBiosciences
GamidaCell
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